Buy after a “haircut”

BREAKWATER RESOURCES $2.94 (Toronto symbol BWR; SI Rating: Speculative) (416-363-4798; www.breakwater.ca; Shares outstanding: 70.2 million; Market cap: $206.5 million; No dividends paid) has carried out a consolidation (or “cutback” or “reverse split”) of its shares on a 1-for-10 basis. That cut its shares outstanding from… Read More

These two will profit with rising metal prices

BREAKWATER RESOURCES $0.39 (Toronto symbol BWR; SI Rating: Speculative) (416-363-4798; www.breakwater.ca; Shares outstanding: 700.8 million; Market cap: $273.3 million; No dividends paid) is a Canadian-based mining company that mainly produces zinc. Breakwater has mines in Canada, Chile and Honduras.

The company earned $0.01 a share in… Read More